AdvisorShares Active ETF Market Share Update – Week Ending 2/27/2015
Assets in actively managed ETFs increased by $477 million last week, or 2.48%, to $19.688 billion. There were two new funds launched last week, bringing the total up to 122 actively managed ETFs. One of the new funds is from Tuttle Tactical Management, a new entrant into the space, and will tactically rotate between equity and fixed income exposure. The bigger new-fund news on the week was Jeff Gunlach’s new unconstrained bond fund issued in partnership with State Street.
PIMCO saw the largest inflows with $206 million followed by $131million to State Street, most of which was into Gundlach’s new fund, and $55 million to ALPS. Outflows by provider were quite small other than $41 million from First Trust.
At the category level there were large inflows into Global Bond at $189 million, again mostly Gunlach’s fund, and $178 million into Short Term Bond. The Active ETF Report has been expanded to include a Bank Loan category which we believe addresses growing interest in the segment by virtue of it having significant asset scale and three actively managed funds that target the category.
There were no meaningful changes last week in market share of fund providers or fund categories.
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Number of Active ETFs by Sponsor
Number of Active ETFs by Strategy
There are risks involved with investing in ETFs including possible loss of money. Shares are actively managed and are subject to risk similar to stocks, including those related to short selling and margin maintenance. Ordinary brokerage commissions apply. Shares are not individually redeemable and owners of the shares may acquire those shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 shares.